Firms Eye Disaster Recovery Amid Increasingly Interconnected Markets
The word “disaster” is never a nice one to hear. For the financial industry, it is reminiscent of the Knight Capital free-fall and the ensuing 45 minutes of downtime that brought the New York-based market-maker to its knees back in August 2012. The latest series of outages at the main stock exchanges also illustrate the extent to which business continuity needs to be improved. And the cyber-attack on the European Central Bank (ECB) in late July this year shows that no institution—not even the
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